Brain Health Supplements Market Report
Global Brain Health Supplements Market, By Product (Herbal Extracts, Vitamins and Minerals, Natural Molecules), Application (Memory Enhancement, Mood and Depression, Attention and Focus, Longevity and Anti-aging, Sleep and Recovery and Anxiety), Supplement Form (Tablets, Capsules and Others), Age Group(Children, Adults and Elderly),Sale Channel (Supermarkets and Hypermarkets, Drug Stores, Online Stores and others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Trend Analysis, Competitive Market Share & Forecast, 2021-2027
- Published Date: June 2021
- Report ID: BWC20377
- Available Format: PDF
- Page: 154
Report Overview
Supplements are products that are primarily used to improve any type of nutritional deficiency in the human body. Similarly, brain health supplements play a vital part in maintaining the health of the human brain.
Global Brain Health Supplements Market Size - Industry Trends & Forecast Report 2027
Global Brain Health Supplements Market was worth USD 7.1 Billion in 2020 and is further projected to reach USD 11.9 Billion by 2027, at a CAGR of 7.75 % during 2021-2027 (forecast period). Supplements, which are used to support brain function like improving memory concentration, imagination, and mood elevation in humans, are known as brain supplements. The market for brain health supplements is expected to grow due to an increase in the demand for e-commerce websites. The growing awareness regarding memory improvement among students, as well as the rise in mental disorders, particularly among the older population, who are more vulnerable to mental illnesses like Alzheimer's, depression, and memory loss, are driving the growth of the brain supplement market.
Source: BlueWeave Consulting
Global Brain Health Supplements Market Overview:
Supplements are products that are primarily used to improve any type of nutritional deficiency in the human body. Similarly, brain health supplements play a vital part in maintaining the health of the human brain. Vitamins and nutritional benefits of brain health supplements help in reducing stress, balancing concentration level, and elevating mood besides offering protection from anxiety and depression. Moreover, stress and anxiety have become a part and parcel of the urban lifestyle. These factors make the brain supplement a great lifestyle product. Brain health supplements can be taken in the form of tablets, capsules, and others.
Global Brain Health Supplements Market Forecast and Trends
Growth Drivers
Increasing prevalence of mental health disorders
According to the WHO’s World Health Report, 2001, approximately 450 million people are affected by mental disorders, which are among the primary causes of illness and disability globally. The geriatric population suffering from mental diseases like Alzheimer’s, depression, and anxiety is one of the primary factors driving the growth of the brain health supplements market. Because of the rise in chronic mental disorders, people are becoming more aware of such products. Moreover, their easy availability in the market is playing a great role in driving the acceptance of brain health supplements among the masses.
Rising concern about healthy lifestyle
Increasing concern of population about leading a healthy and balanced life—both physically and mentally is expected to drive the market growth. Brain health supplements help in increasing awareness, and therefore such supplements are highly preferred by parents for enhancing their child’s potential. Furthermore, brain health supplements are employed by various people to maintain appropriate mental function, which is unquestionably a crucial job to live a decent life. Furthermore, the geriatric population prefers to consume brain supplements due to mental issues that arise as a result of old age.
Restraints
Lack of Strict Regulations
There are no specific regulations governing the production of supplements. Furthermore, many false claims about product performance are limiting the global expansion of the brain supplement market. Manufacturing businesses are unreservedly launching their products without any stringent regulatory authorization due to a lack of restrictions, which might lead to an increase in the number of misleading and false claiming products. This will reduce consumer trust in such businesses, limiting the market growth for brain health products.
Impact of COVID-19 in the industry
The outbreak of COVID-19 has affected almost every industry; however, the COVID-19 pandemic has been a major motivating factor for the growth of the brain health supplements market. As a result of social isolation and its consequences, many people suffered from mental health illnesses such as depression and anxiety throughout the pandemic. As a result, the demand for brain supplements increased significantly throughout the lockdown period. Furthermore, the ease with which over-the-counter products can be purchased in both online and offline stores is driving the market growth. As a result, the pandemic has helped this industry by increasing the demand for brain health supplements.
Global Brain Health Supplements Market: By Application
Based on application, the global brain health supplements market is grouped into Memory Enhancement, Mood and Depression, Attention and Focus, Longevity and Anti-aging, Sleep and Recovery, Anxiety. The memory enhancement segment held the largest share in 2020. The rising awareness regarding neurological conditions among the elderly population, combined with the widespread availability of brain supplements, is driving the acceptance of memory enhancer supplements besides propelling the market forward. Furthermore, due to the rising problem of depression among young adults and women around the world, the depression and mood segment is expected to grow at a relatively high CAGR throughout the forecast period.
Global Brain Health Supplements Market: By Age Group
Based on age group, the global brain health supplements market is categorized into children, adults, and the elderly. Among these, the elderly segment is estimated to dominate the market growth in the coming years. This is owing to the rising cases of neurological dysfunctions and loss of neurons among the elderly population. The rising occurrences of dementia, Alzheimer’s disease, and other disorders among geriatric population and the desire to increase brain power among adult and the younger population is contributing to the growth of the brain supplements market.
Global Brain Health Supplements Market: By Sales Channel
Based on sales channel, the global brain health supplements market is categorized into
Global Brain Health Supplements Market – Regional Insights
Based on region, the global brain health supplements market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominates the market share and is expected to be at the top even during the forecast period. The market for brain supplements in North America is growing due to an increase in the number of cases of cognitive disabilities and increased levels of mental stress among people in the region. In addition, the region's growing awareness regarding the benefits of supplements is aiding the industry's growth. On the other hand, the Asia Pacific is also gearing up to witness a high CAGR during the forecast period. The increasing awareness of mental health disorders among the population, the easy availability of brain health supplements, and the growing purchasing power of consumers in this region are all factors contributing to the growth of the APAC market.
Recent Developments
- In February 2021, GoBiotix, prominent health, and wellness brand introduced a new product, the Focus 8 Mushroom Supplement Complex, which is a natural nootropic brain supplement that essentially enhances energy, memory, focus, and mental clarity.
- In April 2021, Unilever announced that it has signed an agreement to acquire Onnit, a holistic wellness and lifestyle company, based in Austin, Texas (US).
Competitive Landscape
Key players in the global brain health supplements market are Accelerated Intelligence Inc., AlternaScript, LLC, HVMN Inc., Liquid Health, Inc., Aurobindo Pharma Limited, Natural Factors Nutritional Products Ltd., Onnit Labs, LLC, KeyView Labs, Inc., Purelife Bioscience Co., Ltd., and Quincy Bioscience and other key manufacturers.
The key market players are consistently engaging in various strategic initiatives such as mergers and acquisitions, collaboration, and product launches to expand their commercial footprint. The major global players have a wide reach and great consumer brand awareness, which provides them with a competitive advantage.
Scope of Report:
Attribute | Details |
Years Considered | Historical data – 2017-2020 |
Base Year – 2020 | |
Forecast – 2021 – 2027 | |
Facts Covered | Revenue in USD Million |
Market Coverage | U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, AUAE, South Africa, Saudi Arabia |
Product/Service Segmentation | By Product, By Application, By Supplement Form, By Age Group, By Sales channel, By Region |
Key Players | Key players for global brain health supplements market are Accelerated Intelligence Inc., AlternaScript, LLC, HVMN Inc., Liquid Health, Inc., Aurobindo Pharma Limited, Natural Factors Nutritional Products Ltd., Onnit Labs, LLC, KeyView Labs, Inc., Purelife Bioscience Co., Ltd., and Quincy Bioscience and other key manufacturers. |
By Product
- Herbal Extracts
- Vitamins and Minerals
- Natural Molecules
By Application
- Memory Enhancement
- Mood and Depression
- Attention and Focus
- Longevity and Anti-aging
- Sleep and Recovery
- Anxiety
By Supplement Form
- Tablets
- Capsules
- Others
By Age Group
- Children
- Adults
- Elderly
By Sales channel
- Supermarkets and Hypermarkets
- Drug Stores
- Online Stores
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global Brain Health Supplements Market Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Recent Development
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Intensity of Rivalry
4.4 Value Chain Analysis
4.5 Key Strategic Developments
5. Global Brain Health Supplements Market Overview
5.1. Market Size & Forecast by Value, 2017-2027
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Product
5.2.1.1. Herbal Extracts
5.2.1.2. Vitamins and Minerals
5.2.1.3. Natural Molecules
5.2.2. By Application
5.2.2.1. Memory Enhancement
5.2.2.2. Mood and Depression
5.2.2.3. Attention and Focus
5.2.2.4. Longevity and Anti-aging
5.2.2.5. Sleep and Recovery
5.2.2.6. Anxiety
5.2.3. By Supplement Form
5.2.3.1. Tablets
5.2.3.2. Capsules
5.2.3.3. Others
5.2.4. By Age Group
5.2.4.1. Children
5.2.4.2. Adults
5.2.4.3. Elderly
5.2.5. By Sale Channel
5.2.5.1. Supermarkets and Hypermarkets
5.2.5.2. Drug Stores
5.2.5.3. Online Stores
5.2.5.4. Others
5.2.6. By Region
5.2.6.1. North America
5.2.6.2. Latin America
5.2.6.3. Europe
5.2.6.4. Asia Pacific
5.2.6.5. Middle East
5.2.6.6. Africa
6. North America Brain Health Supplements Market
6.1. Market Size & Forecast by Value, 2017-2027
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Product
6.2.2. By Application
6.2.3. By Supplement Form
6.2.4. By Age Group
6.2.5. By Sale Channel
6.2.6. By Country
6.2.6.1. United States
6.2.6.2. Canada
7. Europe Brain Health Supplements Market
7.1. Market Size & Forecast by Value, 2017-2027
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Product
7.2.2. By Application
7.2.3. By Supplement Form
7.2.4. By Age Group
7.2.5. By Sale Channel
7.2.6. By Country
7.2.6.1. Germany
7.2.6.2. Poland
7.2.6.3. Russia
7.2.6.4. Italy
7.2.6.5. France
7.2.6.6. United Kingdom
7.2.6.7. Spain
7.2.6.8. Rest of Europe
8. Asia Pacific Brain Health Supplements Market
8.1. Market Size & Forecast by Value, 2017-2027
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Product
8.2.2. By Application
8.2.3. By Supplement Form
8.2.4. By Age Group
8.2.5. By Sale Channel
8.2.6. By Country
8.2.6.1. China
8.2.6.2. India
8.2.6.3. Japan
8.2.6.4. Malaysia
8.2.6.5. Singapore
8.2.6.6. Rest of Asia Pacific
9. Latin America Brain Health Supplements Market
9.1. Market Size & Forecast by Value, 2017-2027
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Product
9.2.2. By Application
9.2.3. By Supplement Form
9.2.4. By Age Group
9.2.5. By Sale Channel
9.2.6. By Country
9.2.6.1. Brazil
9.2.6.2. Mexico
9.2.6.3. Rest of Latin America
10. Middle East & Africa Brain Health Supplements Market
10.1. Market Size & Forecast by Value, 2017-2027
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Product
10.2.2. By Application
10.2.3. By Supplement Form
10.2.4. By Age Group
10.2.5. By Sale Channel
10.2.6. By Country
10.2.6.1. Saudi Arabia
10.2.6.2. UAE
10.2.6.3. South Africa
10.2.6.4. Rest of Middle East & Africa
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market/Ranking Share Analysis
11.3. Competitive Benchmarking, By Operating Parameters
12. COVID-19 Impact
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
14.1. Accelerated Intelligence Inc.
14.2. AlternaScript, LLC
14.3. HVMN Inc.
14.4. Liquid Health, Inc.
14.5. Aurobindo Pharma Limited
14.6. Natural Factors Nutritional Products Ltd
14.7. Onnit Labs, LLC
14.8. KeyView Labs, Inc.
14.9. Purelife Bioscience Co., Ltd.
14.10. Quincy Bioscience
14.11. Other Prominent Players
14. Key Strategic Recommendations
* Financial information of non-listed Companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.
List of Figures
Fig: Global Brain Health Supplements Market Segmentation
Fig: Global Brain Health Supplements Market Value Chain Analysis,
Fig: Company Market Share Analysis, 2020
Fig: Global Brain Health Supplements Market Size, By Value (USD Million), 2017-2027
Fig: Global Brain Health Supplements Market Share (%), By Product, By Value, 2017-2027
Fig: Global Brain Health Supplements Market Share (%), By Application, By Value, 2017-2027
Fig: Global Brain Health Supplements Market Share (%), By Supplement form, By Value, 2017-2027
Fig: Global Brain Health Supplements Market Share (%), By Age Group, By Value, 2017-2027
Fig: Global Brain Health Supplements Market Share (%), By Sale Channel, By Value, 2017-2027
Fig: Global Brain Health Supplements Market Share (%), By Country, By Value, 2017-2027
Fig: North America Brain Health Supplements Market Size, By Value (USD Million), 2017-2027
Fig: North America Brain Health Supplements Market Share (%), By Product, By Value, 2017-2027
Fig: North America Brain Health Supplements Market Share (%), By Application, By Value, 2017-2027
Fig: North America Brain Health Supplements Market Share (%), By Supplement form, By Value, 2017-2027
Fig: North America Brain Health Supplements Market Share (%), By Age Group, By Value, 2017-2027
Fig: North America Brain Health Supplements Market Share (%), By Sale Channel, By Value, 2017-2027
Fig: North America Brain Health Supplements Market Share (%), By Country, By Value, 2017-2027
Fig: Europe Brain Health Supplements Market Size, By Value (USD Million), 2017-2027
Fig: Europe Brain Health Supplements Market Share (%), By Product, By Value, 2017-2027
Fig: Europe Brain Health Supplements Market Share (%), By Application, By Value, 2017-2027
Fig: Europe Brain Health Supplements Market Share (%), By Supplement form, By Value, 2017-2027
Fig: Europe Brain Health Supplements Market Share (%), By Age Group, By Value, 2017-2027
Fig: Europe Brain Health Supplements Market Share (%), By Sale Channel, By Value, 2017-2027
Fig: Europe Brain Health Supplements Market Share (%), By Country, By Value, 2017-2027
Fig: Asia-Pacific, Brain Health Supplements Market Size, By Value (USD Million), 2017-2027
Fig: Asia-Pacific, Brain Health Supplements Market Share (%), By Product, By Value, 2017-2027
Fig: Asia-Pacific, Brain Health Supplements Market Share (%), By Application, By Value, 2017-2027
Fig: Asia-Pacific, Brain Health Supplements Market Share (%), By Supplement form, By Value, 2017-2027
Fig: Asia-Pacific, Brain Health Supplements Market Share (%), By Age Group, By Value, 2017-2027
Fig: Asia-Pacific, Brain Health Supplements Market Share (%), By Sale Channel, By Value, 2017-2027
Fig: Asia-Pacific, Brain Health Supplements Market Share (%), By Country, By Value, 2017-2027
Fig: Latin America Brain Health Supplements Market Size, By Value (USD Million), 2017-2027
Fig: Latin America Brain Health Supplements Market Share (%), By Product, By Value, 2017-2027
Fig: Latin America Brain Health Supplements Market Share (%), By Application, By Value, 2017-2027
Fig: Latin America Brain Health Supplements Market Share (%), By Supplement form, By Value, 2017-2027
Fig: Latin America Brain Health Supplements Market Share (%), By Age Group, By Value, 2017-2027
Fig: Latin America Brain Health Supplements Market Share (%), By Sale Channel, By Value, 2017-2027
Fig: Latin America Brain Health Supplements Market Share (%), By Country, By Value, 2017-2027
Fig: Middle East & Africa Brain Health Supplements Market Size, By Value (USD Million), 2017-2027
Fig: Middle East & Africa Brain Health Supplements Market Share (%), By Product, By Value, 2017-2027
Fig: Middle East & Africa Brain Health Supplements Market Share (%), By Application, By Value, 2017-2027
Fig: Middle East & Africa Brain Health Supplements Market Share (%), By Supplement form, By Value, 2017-2027
Fig: Middle East & Africa Brain Health Supplements Market Share (%), By Age Group, By Value, 2017-2027
Fig: Middle East & Africa Brain Health Supplements Market Share (%), By Sale Channel, By Value, 2017-2027
Fig: Middle East & Africa Brain Health Supplements Market Share (%), By Country, By Value, 2017-2027
List of Tables
Table: Global Brain Health Supplements Market Size, By Product, By Value (USD Million), 2017-2027
Table: Global Brain Health Supplements Market Size, By Application, By Value (USD Million), 2017-2027
Table: Global Brain Health Supplements Market Size, By Supplement form, By Value (USD Million), 2017-2027
Table: Global Brain Health Supplements Market Size, By Age Group, By Value (USD Million), 2017-2027
Table: Global Brain Health Supplements Market Size, By Sale Channel, By Value (USD Million), 2017-2027
Table: Global Brain Health Supplements Market Size, By Region, By Value (USD Million), 2017-2027
Table: North America Brain Health Supplements Market Size, By Product, By Value (USD Million), 2017-2027
Table: North America Brain Health Supplements Market Size, By Application, By Value (USD Million), 2017-2027
Table: North America Brain Health Supplements Market Size, By Supplement form, By Value (USD Million), 2017-2027
Table: North America Brain Health Supplements Market Size, By Age Group, By Value (USD Million), 2017-2027
Table: North America Brain Health Supplements Market Size, By Sale Channel, By Value (USD Million), 2017-2027
Table: North America Brain Health Supplements Market Size, By Country, By Value (USD Million), 2017-2027
Table: Europe Brain Health Supplements Market Size, By Product, By Value (USD Million), 2017-2027
Table: Europe Brain Health Supplements Market Size, By Application, By Value (USD Million), 2017-2027
Table: Europe Brain Health Supplements Market Size, By Supplement form, By Value (USD Million), 2017-2027
Table: Europe Brain Health Supplements Market Size, By Age Group, By Value (USD Million), 2017-2027
Table: Europe Brain Health Supplements Market Size, By Sale Channel, By Value (USD Million), 2017-2027
Table: Europe Brain Health Supplements Market Size, By Country, By Value (USD Million), 2017-2027
Table: The Asia-Pacific Brain Health Supplements Market Size, By Product, By Value (USD Million), 2017-2027
Table: The Asia-Pacific Brain Health Supplements Market Size, By Application, By Value (USD Million), 2017-2027
Table: The Asia-Pacific Brain Health Supplements Market Size, By Supplement form, By Value (USD Million), 2017-2027
Table: The Asia-Pacific Brain Health Supplements Market Size, By Age Group, By Value (USD Million), 2017-2027
Table: The Asia-Pacific Brain Health Supplements Market Size, By Sale Channel, By Value (USD Million), 2017-2027
Table: The Asia-Pacific Brain Health Supplements Market Size, By Country, By Value (USD Million), 2017-2027
Table: Latin America Brain Health Supplements Market Size, By Product, By Value (USD Million), 2017-2027
Table: Latin America Brain Health Supplements Market Size, By Application, By Value (USD Million), 2017-2027
Table: Latin America Brain Health Supplements Market Size, By Supplement form, By Value (USD Million), 2017-2027
Table: Latin America Brain Health Supplements Market Size, By Age Group, By Value (USD Million), 2017-2027
Table: Latin America Brain Health Supplements Market Size, By Sale Channel, By Value (USD Million), 2017-2027
Table: Latin America Brain Health Supplements Market Size, By Country, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Brain Health Supplements Market Size, By Product, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Brain Health Supplements Market Size, By Application, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Brain Health Supplements Market Size, By Supplement form, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Brain Health Supplements Market Size, By Age Group, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Brain Health Supplements Market Size, By Sale Channel, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Brain Health Supplements Market Size, By Country, By Value (USD Million), 2017-2027
Table: Accelerated Intelligence Inc. Financial Analysis
Table: Accelerated Intelligence Inc. Business Overview
Table: AlternaScript, LLC, Financial Analysis
Table: AlternaScript, LLC, Business Overview
Table: HVMN Inc. Financial Analysis
Table: HVMN Inc. Business Overview
Table: Liquid Health, Inc. Financial Analysis
Table: Liquid Health. Inc. Business Overview
Table: Aurobindo Pharma Limited, Financial Analysis
Table: Aurobindo Pharma Limited, Business Overview
Table: Natural Factors Nutritional Products Ltd. Financial Analysis
Table: Natural Factors Nutritional Products Ltd. Business Overview
Table: Onnit Labs, LLC Financial Analysis
Table: Onnit Labs, LLC Business Overview
Table: KeyView Labs, Inc. Financial Analysis
Table: KeyView Labs, Inc. Business Overview
Table: Purelife Bioscience Co., Ltd. Financial Analysis
Table: Purelife Bioscience Co., Ltd. Business Overview
Table: Quincy Bioscience Financial Analysis
Table: Quincy Bioscience Business Overview
Market Segmentation
By Product
- Herbal Extracts
- Vitamins and Minerals
- Natural Molecules
By Application
- Memory Enhancement
- Mood and Depression
- Attention and Focus
- Longevity and Anti-aging
- Sleep and Recovery
- Anxiety
By Supplement Form
- Tablets
- Capsules
- Others
By Age Group
- Children
- Adults
- Elderly
By Sales channel
- Supermarkets and Hypermarkets
- Drug Stores
- Online Stores
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
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